With the rapid development of high and new technologies, such as aerospace, nuclear industry, electronic computer, optoelectronic and electromagnetic instruments, precision machinery and so on, the world bearing industry, which reflects the level of modern science and technology, has entered a new historical period of comprehensive innovation and manufacturing technology, rapid development of varieties, vigorous improvement of performance and precision, and increasingly mature and perfect.

The main characteristics of this period are:

(1) Large enterprises, enterprise groups and multinational corporations with super scale, collectivization and more than ten million people have emerged in batches, and the output of bearings has increased sharply. In the early 1950s, the total output of bearings in the world was only 900 million sets, reaching 1.8 billion sets in 1960, 4 billion sets in 1970, more than 7 billion sets in 1980, and more than 10 billion sets in 1990. In recent years, affected by the international economic climate, the output has declined, but it has gradually recovered in 1995, and there will be a boom at the end of the century in the five years from 1996 to 2000. Period.

(2) There are all kinds of bearings and their uses are all-encompassing. At present, there are tens of thousands of bearings. The super-large bearings are up to 38 meters and the miniature bearings are down to a few millimeters of zero. There are traditional single-row, double-row, multi-row ball bearings, roller bearings, needle bearings, tapered bearings, non-lubricated bearings, self-lubricated bearings, angular contact shafts. Bearing, transducer bearings, universal joint bearings, ultra-thin wall bearings, hub unit bearings, air bearings, linear bearings, superconducting bearings, magnetic bearing and so on. For bearing international trade, this period is its development stage, the peak period, the size of the world market has jumped from hundreds of millions of dollars to billions of dollars to tens of billions of dollars. In 1992, world bearing sales amounted to US $19 billion. In 1992, world bearing sales reached US $19 billion, and it could reach 280~300 billion in 1997. Bearing international trade in this period has really become an all-round, cross-cutting, multi-channel, wide coverage of the world market. According to the actual situation in 1992, Latin America accounted for 1%, North America 24%, Africa and the Middle East 1%, Asia and the Pacific 33%, Eastern Europe 11%, Western Europe 31%.